ECB's Centeno says very close to the time monetary policy may pause

<p>European Central Bank Governing Council member and Bank of Portugal governor Mario Centeno</p><ul><li>"We are reaching the time when monetary policy can pause, we are very close," </li><li>“Not overreacting is a huge concern for every central bank.”
</li></ul><p>Centeno in an interview with Portugal’s broadcaster RTP.</p><p>–</p><p>A July ECB rate hike seems baked in, and September is pretty close to being the same. Centeno doesn't define 'close' in his comment though. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.